With advertising and circulation revenues still under pressure, the nation's biggest magazine publisher is looking to cut costs in a big way. On Tuesday, Time Inc. unveiled plans for a "strategictransformation" that will yield more than $400 million in savings over the next few years.

Mike Foley, a drug industry veteran and director of the Tri-Institutional Therapeutics Discovery Institute, has a pointed message for the New York life sciences industry: Don’t waste the moment. Changing the course of New York biotech has been a saga that dates back to the 1990s, and as Xconomy has detailed, progress has been made […]